Prime Minister Mark Carney announced a series of strategic measures to support Canadian sectors affected by U.S. tariffs and trade uncertainties

Sectoral Support Initiatives

• A 60-day review of the Electric Vehicle Availability Standard (EVAS) will relieve Canadian automakers from additional burdens, with the standard not applying to the 2026 model year.
• New financing options will be available for small and medium-sized businesses impacted by tariffs, increasing loan limits from $2 million to $5 million through the Business Development Bank’s Pivot to Grow Program.
• The Regional Tariff Response Initiative will expand from $450 million to $1 billion over three years, providing up to $1 million in contributions to businesses across all sectors affected by tariffs.
• A new $5 billion Strategic Response Fund will support businesses in adapting to trade disruptions, developing new products, and securing new markets.

Buy Canadian Policy

• A “Buy Canadian” policy will be introduced by October 2025, mandating government procurement to prioritize Canadian suppliers and local content requirements. This policy aims to leverage federal spending to bolster the domestic economy.

Support for Specific Sectors

• The government will provide targeted support for the agriculture and agri-food sectors, including a temporary increase in the Advance Payments Program interest-free limit for canola farmers to $500,000 and enhanced funding through the AgriMarketing Program.
• A new biofuel production incentive will allocate $370 million to support domestic biofuel producers, enhancing their competitiveness in international markets.

Workforce Development

• The Workforce Support Strategy will be updated to include training and income support for up to 50,000 workers affected by tariffs, alongside new flexibilities in Employment Insurance and a digital job-seeking platform.

Trade Diversification Strategy

• The government aims to increase Canadian exports to overseas markets by 50% by 2030, reducing reliance on the U.S. market.

Carney emphasized the need for immediate action to transform Canada’s economy, ensuring resilience against trade shocks while fostering growth and innovation across impacted sectors.

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